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Vesna [10]
3 years ago
9

Adding up all of the income in an economy in a given year is one approach to calculating which of the following?

Business
2 answers:
Alona [7]3 years ago
8 0
The correct answer is <span>b.)GROSS DOMESTIC PRODUCT

In reality, the answer is a bit complex. The GDP is actually used to determine whether or not an economy is healthy and developing, but this does not actually show that the people are living good, rather that the production is occurring efficiently.</span>
belka [17]3 years ago
5 0
The answer is B. Gross Domestic Product.
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Three sisters are interested in forming a business together. They have three initial concerns: How to maximize their benefits fr
blsea [12.9K]

Answer:

Limited liability company

Explanation:

A limited liability company is one that the owners are not personally liable for the business. Rather the company is a legal entity on its own and can be sued legally as a sepearte entity from its owners.

It combines features of a corporation and a partnership or sole proprietorship.

This will be the best type of business given that the business will not be expected to earn for the first two years. The sisters will not be personally liable for any debt incurred.

Also the business will continue even if only one of the sisters remains.

So an LLC is the best option for them.

3 0
3 years ago
The following data concerning the retail inventory method are taken from the financial records of Welch Company. Cost Retail Beg
maksim [4K]

Answer:

$ 168,000

Explanation:

Include both Mark-ups and Mark-Downs and Exclude beginning inventory

When LIFO Inventory Method is used to find out Ending inventory retail Value. Cost to Retail Ratio will be Applied for both Previous year ending Inventory and the Current Year addition To Calculates

the Previous year Ending inventory :

Cost to Retail Ratio : Ending inventory at cost / Ending inventory at Retail

For Current year Addition :

Cost to Retail Ratio : Current Year Addition in Cost /Current Year Addition in Retail

Current year addition in retail includes : Markup ,Markdown purchases

Kindly check the attached images below to see the step by step explanation to the question above.

5 0
3 years ago
Explain the importance of reconciling the bank at set dates
zmey [24]

Answer:

The goal of the bank reconciliation process is to find out if there are any differences between the two cash balances. ... A monthly reconciliation helps to catch and identify any unusual transactions that might be caused by fraud or accounting errors, especially if your business uses more than one bank account.

8 0
2 years ago
​In 2017, in proposing a $1 trillion increase in government spending on infrastructure, President Trump argued that the spending
VLD [36.1K]

Answer:

A. the economy is producing at less than its potential output and has some cyclical unemployment.

Explanation:

Increase in government spending will increase domestic income, only if economy is producing at less than its potential output.

Increase in federal government spending raises the level of 'govt expenditure' in Aggregate Demand. This creates 'Excess Demand' (AD > AS). However, if the economy is at full employment level, i.e all the resources are already best efficiently utilised as per their production potential. Then, the economy can't increase its domestic income more than its full employment (full potential) level. So : Increase in government spending in full employment case, wont increase total production/ income/ employment further ; as the economy is already at full employment & can't increase economic activity beyond that.

3 0
2 years ago
Leading indicators are events that have been found to occur before changes in business activities.
sukhopar [10]

This Statement is True. Leading indicators are events that have been found to occur before changes in business activities.

Business is the practice of earning a living or making money by manufacturing, purchasing, and selling items (such as goods and services). It is also "any profit-making activity or enterprise."

Having a business name does not detach the owner from the business entity, which means the owner is responsible and liable for the business's debts. Creditors may seize the owner's personal belongings if the company incurs debts. In a business structure, corporate tax rates are not permissible. All business income is taxed directly to the proprietor.

The phrase is also frequently used informally (though not by lawyers or public authorities) to refer to a business or cooperative.

To learn about the business visit :

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4 0
1 year ago
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